Bitcoin (BTC) is nearing a significant price milestone of $117,000, though its recent trajectory has not been entirely smooth. After a period of bullish trends, a minor setback at the day’s end highlighted the cryptocurrency’s inherent volatility. Analysts are cautious, suggesting that potential downturns could actually serve as bear traps. As we head into the weekend, the market is rife with questions about potential price moves for other cryptocurrencies like AVAX, SHIB, and PEPE Coin.
What Are Weekend Predictions for Cryptocurrencies?
Investors in altcoins have finally witnessed a shift in market dynamics following a long period of stagnation. While the Federal Reserve’s position on interest rates remains largely unchanged, economic indicators such as the Michigan Consumer Confidence Index and retail sales data indicate robust consumer spending. This development points to economic stabilization, enhancing the attractiveness of market conditions.
In this context, former President Trump has hinted at potential tariff-related announcements that could impact the market landscape. Traders are watching for any significant letters or announcements as the weekend progresses, particularly after Trump’s endorsement boosted the rise of cryptocurrency GENIUS. However, the excitement surrounding this endorsement has since diminished.
What Will Be the Fate of AVAX, SHIB, and PEPE Coin?
Regarding AVAX, SHIB, and PEPE Coin, the market could either see a brief downturn following their recent gains or experience heightened volatility due to typically low trading volumes on the weekends. Both scenarios present different price levels that these coins could reach.
PEPE Coin has benefited from ETH’s recent surge, seeing nearly a 50% gain. Nonetheless, it hit a barrier at $0.00001437. Should there be a decline, prices could potentially hit $0.00001261 or lower to $0.00001087. If resistance is retested, a climb to $0.00001631 could occur.
For Shiba Coin, which reached a target of $0.00001589, the trend seen in many altcoins continues. Declines could test a low of $0.0000123, whereas a rally breaking the $0.00001762 level might extend to $0.00002107.
– Key price levels mark weekend activity for AVAX: risk at $23.4 and potential support breakdown at $21.8 may see a drop to $20.3.
– Breaking resistance at $26.9 could set the stage for a rally if market conditions improve.
The July 19-20 period is set to be significant, especially as trading volumes remain thin. This landscape suggests several possible futures for these digital assets as they navigate potential fluctuations over the weekend.
